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Note 12 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Condensed Income Statement [Table Text Block]

Reconciliation of Income before Provision for Income Taxes to Adjusted EBITDA		Three Months Ended March 31,
(In Thousands of US Dollars)		2023				2022
(unaudited)		(unaudited)				(unaudited)
Net Income (Loss) for the period		$	(19,083	)		$	(3,020	)
Less:
Provision for income taxes			(1,710	)			1,078
Depreciation of property and equipment			8,588				6,043
Impairment and loss on disposition of property and equipment			1,942				412
Amortization of intangible assets			2,872				2,843
Interest expense, net			7,880				1,796
Accretion of contingent liability			-				98
Stock-based compensation			2,246				1,391
Unrealized loss (gain) on foreign exchange revaluation of foreign denominated monetary assets and liabilities			40				53
Acquisition and other costs1			255				617
Adjusted EBITDA		$	3,030			$	11,311

		Ting				Wavelo				Tucows Domains				Tucows Corporate				Consolidated Totals
For the Three Months Ended March 31, 2023
Net Revenues
External Revenues		$	11,853			$	7,958			$	59,242			$	1,377			$	80,430
Intersegment Revenues			-				658				-				(658	)			-
Total Net Revenues			11,853				7,300				59,242				2,035				80,430
Direct cost of revenues			3,985				1,026				41,721				2,558				49,290
Segment Gross Margin			7,868				6,274				17,521				(523	)			31,140
Network, other costs																			6,323
Network, depreciation of property and equipment																			8,436
Network, amortization of intangible assets																			378
Network, impairment of property and equipment																			1,942
Gross profit																			14,061
Expenses:
Sales and marketing																			15,737
Technical operations and development																			4,815
General and administrative																			8,146
Depreciation of property and equipment																			152
Loss on disposition of property and equipment																			-
Amortization of intangible assets																			2,494
Loss (gain) on currency forward contracts																			-
Total expenses																			31,344
Income (Loss) from operations																			(17,283	)
Other income (expenses):
Interest expense, net																			(7,880	)
Income earned on sale of transferred assets																			4,370
Other expense, net																			-
Total other income (expense)																			(3,510	)
Income (Loss) before provision for income taxes																		$	(20,793	)
Adjusted EBITDA		$	(9,273	)		$	335			$	10,338			$	1,630			$	3,030

		Ting				Wavelo				Tucows Domains				Tucows Corporate				Consolidated Totals
For the Three Months Ended March 31, 2022
Net Revenues
External Revenues		$	9,788			$	7,004			$	61,546			$	2,761			$	81,099
Intersegment Revenues			-				157				-				(157	)			-
Total Net Revenues			9,788				6,847				61,546				2,918				81,099
Direct cost of revenues			4,038				961				41,812				2,610				49,421
Segment Gross Margin			5,751				5,886				19,733				308				31,678
Network, other costs																			4,180
Network, depreciation of property and equipment																			5,895
Network, amortization of intangible assets																			378
Network, impairment of property and equipment																			27
Gross profit																			21,198
Expenses:
Sales and marketing																			11,987
Technical operations and development																			3,765
General and administrative																			7,296
Depreciation of property and equipment																			148
Loss on disposition of property and equipment																			385
Amortization of intangible assets																			2,465
Loss (gain) on currency forward contracts																			-
Total expenses																			26,046
Income (Loss) from operations																			(4,848	)
Other income (expenses):
Interest expense, net																			(1,796	)
Income earned on sale of transferred assets																			4,752
Other expense, net																			(50	)
Total other income (expense)																			2,906
Income (Loss) before provision for income taxes																		$	(1,942	)
Adjusted EBITDA		$	(4,321	)		$	2,047			$	11,774			$	1,811			$	11,311

Schedule of Property Plant and Equipment by Geographic Region [Table Text Block]

		March 31, 2023				December 31, 2022
Canada		$	1,348			$	1,240
United States			302,407				280,219
Europe			36				36
		$	303,791			$	281,495

Schedule of Acquired Intangible Assets by Major Class [Table Text Block]

		March 31, 2023				December 31, 2022
Canada		$	2,349			$	2,736
United States			22,451				24,770
Germany			-				-
		$	24,800			$	27,506

Financing Receivable, Allowance for Credit Loss [Table Text Block]

Allowance for doubtful accounts		Balance at beginning of period				Charged to costs and expenses				Write-offs during period				Balance at end of period
Three Months Ended March 31, 2023		$	693			$	-			$	68			$	625
Twelve months ended December 31, 2022		$	541			$	152			$	-			$	693

X

- Definition

Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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-SubTopic 10
-Section 50
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-Publisher FASB
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